source avatar𝐕𝐑

Share

𝟏𝟕𝟖𝟗 𝐜𝐚𝐩𝐢𝐭𝐚𝐥, 𝐥𝐢𝐧𝐤𝐞𝐝 𝐭𝐨 𝐝𝐨𝐧𝐚𝐥𝐝 𝐭𝐫𝐮𝐦𝐩 𝐣𝐫., 𝐫𝐞𝐩𝐨𝐫𝐭𝐞𝐝𝐥𝐲 𝐥𝐞𝐚𝐝𝐬 𝐩𝐨𝐥𝐲𝐦𝐚𝐫𝐤𝐞𝐭’𝐬 $𝟏𝐛 𝐟𝐮𝐧𝐝𝐢𝐧𝐠 𝐫𝐨𝐮𝐧𝐝. trump jr.-linked 1789 capital is reportedly investing $300m in #polymarket’s $1b funding round, valuing the prediction platform at $21b. this would take 1789’s total investment to around $500m, making it one of polymarket’s biggest backers. my opinion: this is a massive bet on prediction markets. the valuation is aggressive, especially with regulatory pressure still building. but if polymarket keeps growing, this could look cheap later. for me, the real question is whether prediction markets become mainstream financial products or remain stuck fighting regulators. #VrReports #PredictionMarkets

Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.